Financial News
Standard Life SIPP signs up 1000 commercial properties in less than five years
Standard Life has just added the latest commercial property to its SIPP platform bringing the total number of properties under management to 1000 in...
Markel welcomes A.M. Best confirmation of ‘A’ Ratings
Markel International today welcomed A. M. Best’s confirmation of ‘A’ ratings, outlook stable, for both its insurance trading platforms: Markel International Insurance Company Limited...
France and Germany out of recession
Germany and France enjoyed a shock return to economic growth in the second quarter of the year, data showed on Thursday, ending their recessions...
Good underlying growth in difficult market conditions for Bupa
Bupa Group, the private health insurance and health care services provider sets out below its unaudited results for the six months to 30 June...
Fortis announces the appointment of Bruno Colmant as Deputy Chief Executive Officer
Fortis announces the appointment of Bruno Colmant as Deputy Chief Executive Officer
Fortis announces today the decision to appoint Bruno Colmant as Deputy Chief Executive...
AEGON to launch equity issue of up to EUR 1 billion
AEGON aims to raise up to EUR 1 billion through an equity issue via an accelerated bookbuild beginning today. AEGON intends to use the...
Lehman sues AIG for $9 million in CDS payments
Lehman Brothers Holdings Inc is suing American International Group for $9 million in payments the bank says it is owed from credit default swap...
S&P gives Lloyd’s clean bill of health
LLOYD’S of London’s has weathered the global financial crisis over the last 12 months with “resilience”, according to influential ratings agency Standard & Poor’s.
The...
Berkshire Seeks New Insurance Customers After Profit
Warren Buffett’s Berkshire Hathaway Inc. is willing to sell more insurance for natural disasters after pulling back on catastrophe coverage earlier this year when...
ING posts 2Q underlying net profit of EUR 229 million
Second Quarter 2009 underlying net profit of EUR 229 million shows improvement from underlying net loss of EUR -305 million in first quarter 2009...
Resolution Will Buy Friends Provident for $3 Billion
Friends Provident, a British insurance company, has accepted a revised bid from a buyout firm, Resolution, worth £1.86 billion ($3.1 billion) after rejecting two...
RBS Insurance half year results declines
Royal Bank of Scotland Insurance has announced a £83m decline in operating profit to £217m for the first half of 2009
For RBS Insurance, insurance...
Paris Re net income drop 20% for the second quarter of 2009
PARIS RE Holdings Limited announced a net operating income1 of US $59.4 million, or US $0.72 per share, for the second quarter ended June...
Catlin group has announced 60 % increase in profit
Catlin Group Limited, the international specialty property/casualty insurer and reinsurer, announces its financial results for the six months ended 30 June 2009 : 60%...
Zurich successfully completes its cash tender offer for preferred securities
Zurich Financial Services Group (Zurich) announced today that its cash tender offer for certain outstanding securities (subordinated debt) expired at 5 p.m., New York...
AIG reports profits for second quarter 2009
AIG today reported its first quarterly profit since the third quarter of 2007, as certain of its businesses stabilized and the company’s results reflected...
Giant Allianz’s operating profits fall
Allianz Group’s operating profit fall to €3.2bn (-34%) for the first half f 2009, compared to €4.9bn in the same period last year.
Property and...
Standard Life profit down 35%
Operating profit drop from 500£m (H1 2008) to 346£m (H1 2009).
Cash flow and capital position robust
Core capital and cash generation after tax of £167m...
RSA announced a 25% reduction of its net profits
RSA, the UK non-life insurer, announced a 25% reduction of its net profits for the first half of 2009.
Strong Group performance in challenging conditions
Net...
Zurich announces an increase with USD 1.5 billion quarterly operating profit
Zurich Financial Services Group (Zurich) reported today its 26th straight quarter of profitability and its third consecutive quarter-on-quarter profit increase since the financial crisis...
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